Oppenheim Joel Martin 4
4 · Petrolia Energy Corp · Filed Oct 15, 2018
Insider Transaction Report
Form 4
Oppenheim Joel Martin
Director
Transactions
- Award
Warrants
2018-03-31$0.14/sh+250,000$35,000→ 3,411,667 totalExercise: $0.14From: 2018-03-31Exp: 2021-03-31→ Common (250,000 underlying) - Award
Warrants
2018-06-30$0.14/sh+250,000$35,000→ 3,911,667 totalExercise: $0.14From: 2018-06-30Exp: 2021-06-30→ Common (250,000 underlying) - Award
Warrants
2018-03-31$0.10/sh+250,000$25,000→ 3,161,667 totalExercise: $0.10From: 2019-01-01Exp: 2021-01-01→ Common (250,000 underlying) - Award
Warrants
2018-06-30$0.10/sh+250,000$25,000→ 3,661,667 totalExercise: $0.10From: 2019-01-01Exp: 2021-01-01→ Common (250,000 underlying)
Footnotes (3)
- [F1]Mr. Oppenheim receives a 250,000-warrant issuance quarterly as part of his compensation 2018 compensation package for his service on the Board; exercisable for a 24 months period as of January 1, 2019.
- [F2]Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
- [F3]The Transactions reported were part of a LOC agreement, where by the reporting person was to receive 250,000 warrants quarterly, exercisable for 3 years. The exercise price of the additional warrants will be based on the average common stock market price over the previous 90 days.